While a leaner and more selective exploration industry has emerged over the past two years, Wood Mackenzie expects Latin America to buck this global trend in 2018, with intense exploration activity expected in frontier basins in the Equatorial Margin…
The highest number of licenses ever have been awarded in Norway's latest licensing round, with 75 licenses awarded to 19 operators, led by Norwegian major Statoil. The Norwegian Ministry of Petroleum and Energy says 34 oil companies…
Premier Oil announced in its trading and operations update that it is working with joint venture partners Talos Energy (operator) and Sierra Oil & Gas to progress the appraisal program for the Zama-1 discovery in block 7 in the Sureste Basin offshore Tabasco…
UK-based explorer Rockhopper says the Premier Oil-operated Sea Lion project, offshore the Falkland Islands, is moving towards sanction by year's end. Sea Lion schematic Phase 1, 2, and 3. Image from Rockhopper…
US-based Stone Energy hit oil at its 100%-owned Mt. Providence development well in Mississippi Canyon block 28, in the deepwater US Gulf of Mexico. The Mt. Providence well (also known as MC 28 #4) hit approximately 153ft of high quality…
Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map of Peru blocks. Image from Tullow. Following negotiations with Perupetro…
Lundin Petroleum's Hurri exploration well in the Norwegian southern Barents Sea was dry. The well, 7219/12-3S, drilled using the Leiv Eiriksson semisubmersible drilling rig, in PL533, in the southern Barents Sea, was dry, says operator Lundin…
A 10-year low in oil discoveries in Norway in 2017 doesn’t deter an expected increase in drilling in 2018, whilst performance continues to improve in the UK with the focus switching to gas for 2018, says Westwood Global Energy's Dave Moseley…
The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The supermajor is celebrating another large find in South American waters, the company announced today (5 January). Stena Carron drillship…
A law suit brought by environmental campaigners against the Norwegian Government over its decision to award production licenses in the Barents Sea as part of the 23rd licensing round has been witheld. The 23rd round, which saw licenses awarded in May 2016…
A wildcat well drilled by Statoil near the Gina Krog field in the Norwegian North Sea was dry, says the Norwegian Petroleum Directorate (NPD). The well, 15/6-14 S in production license 029 C, was drilled just north of the Gina Krog field about 250km west of Stavanger…
Australia's Santos is planning to drill the Paus Biru-1 exploration well on the Sampang production sharing contract offshore Indonesia, says partner Cue Energy Resources. Paus Biru is 27km east from the producing Oyong gas field. The…
It’s a smaller, more focused exploration world as we start 2018. Elaine Maslin discusses the main themes for 2018 with Wood Mackenzie’s Andrew Latham (First published in the January 2018 OE, access full issue here). Deepwater is very…
Taking a look back on the year that was 2017, our OEdigital.com website's most popular stories pretty much tell everything you need to know. While the industry is still adjusting to the downturn, the bright spots are few, but significant…
Italy's Eni says a production test on the Tecoalli-2 well, in shallow water Campeche Bay, Mexico, showed 'excellent production capabilities,' and increased estimates of oil in place in Area 1 to 2 billion boe, with about 90% oil. The well is in Contractual Area 1…